Microstrategy Inc. is selling up to $1 billion of its common stock, MSTR, with the aim to use some of the net proceeds to buy bitcoin. The Nasdaq-listed company also recently completed a $500 million secured notes offering and will use the proceeds to acquire bitcoins. Selling MSTR Stock to Buy Bitcoin Microstrategy Inc. has…
The Russian Foreign Minister Sergei Lavrov talked about the future importance of cryptocurrencies as an international settlements layer at the Primakov Readings Forum. Lavrov referred to these assets as having a “significant role” in the future. Russia has been striving to de-dollarize some of its activities, and this statement might offer a glimpse into future…
Tanzanian President Samia Suluhu Hassan has urged her country to be ready for emerging fintech by paving the way for cryptocurrencies. She also urged the country’s central bank to begin the necessary preparations for a step-change in global attitudes towards banking. However, in her address of the Tanzanian finance chiefs, Hassan acknowledges that not everyone…
Cryptocurrency transactions are governed by rules in these countries Cryptocurrency has been around for quite some time. However, mainstream adoption has increased recently, with 2020 being a significant year to add to its importance. However, 2021 is a big year because countries all around the world have sought to adopt cryptocurrencies in some form or…
Apart from the investment interest in India, cryptocurrency is expected to see increased activity this year, with more avenues for its utility opening up, including banking services, trade, and remittances. Since March, when the Supreme Court allowed banks to deal with cryptocurrency exchanges, trading volumes have nearly quadrupled. The underlying technology for trade and commerce…
Twice as many European startups have achieved unicorn status in 2021 compared to last year. Despite the negative effects of the ongoing Covid crisis, young companies on the Old Continent, including several crypto unicorns, have managed to attract a record high amount of VC capital. European Unicorns Collect €32.5 Billion in 2021 This year alone,…
